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India’s hefty ₹40,000 crore-plus IPO wave kicks off with marquee names
India’s November 2025 IPO season features major firms like Groww, Pine Labs and Lenskart in a ₹40,000+ crore pipeline, signalling strong domestic primary-market momentum.
As November 2025 begins, India’s primary market is gearing up for a major batch of IPOs totalling over ₹40,000 crore. Leading the pipeline are listed-app convertor Billionbrains Garage Ventures (parent of Groww), fintech Pine Labs, eyewear retailer Lenskart Solutions and asset-manager ICICI Prudential AMC. Groww is expected to raise around ₹6,632 crore via a fresh issue and offer for sale. Pine Labs has trimmed its size but still aims for its November 7-11 window. The surge reflects robust investor appetite despite global headwinds.